What is fortune star total asset turnover

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Question: Fortune Star Inc. has a net profit margin of 12%, an equity multiplier (i.e., asset to equity ratio) of 2, sales of $575,000 and a ROE of 17%. What is Fortune Star's total asset turnover? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131977130

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What is fortune star total asset turnover : Fortune Star Inc. has a net profit margin of 12%, an equity multiplier (i.e., asset to equity ratio) of 2, sales of $575,000 and a ROE of 17%.

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